The Federal Reserve Board employs over 300 Ph.D. economists, who represent an exceptionally diverse range of interests and specific areas of expertise. Board economists conduct cutting edge research, produce numerous working papers, and are among the leading contributors at professional meetings and in major journals. Our economists also produce a wide variety of economic analyses and forecasts for the Board of Governors and the Federal Open Market Committee.

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Field of Interest:

Supervision and Regulation

The Division of Supervision and Regulation exercises and oversees the Board’s supervisory and regulatory authority over a variety of financial institutions and activities with the goal of promoting a safe, sound, and stable financial system that supports the growth and stability of the U.S. economy. The Federal Reserve carries out its supervisory and regulatory responsibilities and supporting functions primarily by promoting the safety and soundness of individual financial institutions supervised by the Federal Reserve; taking a macroprudential approach to the supervision of the largest, most systemically important financial institutions; developing supervisory policy (including regulations, policy statements, and guidance); regulating the U.S. banking and financial structure by acting on a variety of proposals; and enforcing laws and regulations.

Policy Effectiveness and Assessment

The Policy Effectiveness and Assessment section focuses on understanding the economics of financial regulation.  Section staff work on conducting ex ante analysis of the costs and benefits of pending regulations as well as the ex post assessment of existing regulations.  Section economists also engage in academic research on topics related to banking and financial regulation.

Photo of James A. Caldera
James A. Caldera Economist Policy Effectiveness and Assessment
Supervision and Regulation

Photo of Akos Horvath
Akos Horvath Senior Economist Policy Effectiveness and Assessment
Supervision and Regulation

Photo of Benjamin S. Kay
Benjamin S. Kay Principal Economist Policy Effectiveness and Assessment
Supervision and Regulation

Photo of Missaka Warusawitharana
Missaka Warusawitharana Manager Policy Effectiveness and Assessment
Supervision and Regulation
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Last Update: October 03, 2023